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361 Cannon St E 7,568 SF of Retail Space Available in Hamilton, ON L8L 2C4
HIGHLIGHTS
- Heavy daytime traffic
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 7,568 SF | 3-10 Years | $19.00 CAD/SF/YR $1.58 CAD/SF/MO $143,792 CAD/YR $11,983 CAD/MO | Triple Net (NNN) |
1st Floor
Prime Commercial Building with Additional Parking Lot For Lease in Downtown Hamilton with Drive in bay and office space. A fantastic opportunity to lease a freestanding commercial building with 7,568 sq ft of flexible space, ideally situated in a high-traffic, high-visibility area of Downtown. With a generous lot size 97.11 ft x 115.24 ft and BOUNS vacant parking lot 371 Cannon Street East 90.19 ft x 39.07 ft it makes perfect place for staff and customer access approximately 25 parking available. The main property has been most recently used as an auto parts store. Zoned C2, this property supports a wide range of commercial uses such as medical Clinic, Veterinary Service, Financial Establishment, Retail and much more making it ideal for various types of businesses looking to grow or relocate. Whether you're launching a new venture or expanding your current operations, this space offers exceptional flexibility, zoning advantages and well-established commercial corridor with strong foot and vehicle traffic and rare on-site parking in the heart of the city.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Supports a wide range of commercial uses
- Well-established commercial corridor
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 361 CANNON ST E, HAMILTON, ON L8L 2C4
- TENANT
- DESCRIPTION
- CAN LOCATIONS
- REACH
- NAPA Auto Parts
- Automotive
- 797
- International
| TENANT | DESCRIPTION | CAN LOCATIONS | REACH |
| NAPA Auto Parts | Automotive | 797 | International |
PROPERTY FACTS
| Total Space Available | 7,568 SF | Gross Leasable Area | 7,568 SF |
| Property Type | Retail | Year Built | 1970 |
| Property Subtype | Auto Repair | Parking Ratio | 2.91/1,000 SF |
| Total Space Available | 7,568 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 7,568 SF |
| Year Built | 1970 |
| Parking Ratio | 2.91/1,000 SF |
ABOUT THE PROPERTY
Prime Commercial Building with Additional Parking Lot For Lease in Downtown Hamilton with Drive in bay and office space. A fantastic opportunity to lease a freestanding commercial building with 7,568 sq ft of flexible space, ideally situated in a high-traffic, high-visibility area of Downtown. With a generous lot size 97.11 ft x 115.24 ft and BOUNS vacant parking lot 371 Cannon Street East 90.19 ft x 39.07 ft it makes perfect place for staff and customer access approximately 25 parking available. The main property has been most recently used as an auto parts store. Zoned C2, this property supports a wide range of commercial uses such as medical Clinic, Veterinary Service, Financial Establishment, Retail and much more making it ideal for various types of businesses looking to grow or relocate. Whether you're launching a new venture or expanding your current operations, this space offers exceptional flexibility, zoning advantages and well-established commercial corridor with strong foot and vehicle traffic and rare on-site parking in the heart of the city. Check uptodate details on MLS. COOP = 1 month rent + HST
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361 Cannon St E
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